Assuming that this company sells all that it produces, the profit function would be given by P(x) = -0.5(x - 100)² + 5,000 - 50x - 100.
<h3>What is profit?</h3>
In Economics, profit can be defined as a measure of the amount of money (revenue) that is generated when the selling price is deducted from the cost price of a good or service, which is usually provided by producers.
This ultimately implies that, all producers generally work to maximize their profits and make them as large as possible, in order to enable them break even and successful.
Mathematically, the profit function P(x) of a business firm simply refers to the revenue function R(x) minus the cost function C(x):
P(x) = R(x) - C(x)
Where:
- R(x) represents how much it takes in.
- C(x) represents how much it spends.
Substituting the given parameters into the formula, we have;
P(x) = -0.5(x - 100)² + 5,000 - (50x + 100)
P(x) = -0.5(x - 100)² + 5,000 - 50x - 100
Read more on maximized profit here: brainly.com/question/13800671
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Answer:
can you expand on your question?
Answer:
class PersonInfo:
def __init__(self):
self.num_kids = 0
def inc_num_kids(self):
self.num_kids += 1
person1 = PersonInfo()
print('Kids:', person1.num_kids)
person1.inc_num_kids()
print('New baby, kids now:', person1.num_kids)
Explanation:
Line 1 of the code, we define the class PersonInfo. Line 3 of the code is the function that will increment the member data num_kids.
Answer:
Each pixel in an image is made up of binary numbers. If we say that 1 is black (or on) and 0 is white (or off), then a simple black and white picture can be created using binary. To create the picture, a grid can be set out and the squares coloured (1 – black and 0 – white).
Answer:
True
Explanation:
Using the t-distribution table, the critical value for a one-tailed test with 6 degrees of freedom and 0.05 significance level is 2.447
Conclusion:
Reject the null hypothesis because the test statistic 2.045 is less than the critical value 2.447
